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Smart Meter Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Smart Meter Manufacturing Market Research Report | Technology | Water | Aug 2014

Smart power: The industry will thrive on rising energy consumption and housing starts

IBISWorld’s Smart Meter Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
General Electric Company General Electric Company  market share
Itron Itron market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
12.9%
Annual Growth 14-19
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Profit
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Employment
3,158
Businesses
51
Industry Analysis & Industry Trends

The industry has surged ahead in the past five years, fueled by growing demand for smart meters as utilities convert to smart grids. Revenue growth was also spurred by stimulus funds and rising electricity consumption rates. Rapid growth will continue in the next five years as more utilities embrace smart meter and smart grid technology and as new housing construction continues to recover aggressively.... purchase to read more

Industry Report - Industry Analysis Chapter

The Smart Meter Manufacturing industry has exhibited rapid growth in the five years to 2014, due largely to a greater number of utilities converting to smart grids. Smart grids utilize digital technology for two-way communication between the utility and consumer, allowing for increased efficiency and innovation in energy distribution. In addition to strong demand from the smart grid transition, the industry has benefited from substantial government support, as exemplified by a $3.4 billion stimulus fund from the American Recovery and Reinvestment Act (ARRA) of 2009. As a result, production of smart meters has exploded for much of the past five years. During this time, industry revenue is expected to increase at an average annual rate of 12.9% to $1.5 billion in 2014... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Smart Meter Manufacturing Industry?

This industry manufactures smart meters, which are electrical, gas or water meters that record consumption information in intervals of an hour or less and communicate this information back to the utility for monitoring and billing purposes. Smart meters enable two-way communication between the meter and the central system.

Industry Products
Electric metersGas metersWater meters
 
Industry Activities
Manufacturing electricity smart metersManufacturing gas smart metersManufacturing water smart meters


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